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Daily Pivots: (S1) 0.6590; (P) 0.6629; (R1) 0.6650; More… Range trading continues in AUD/USD and intraday bias stays neutral. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, […]

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06/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6231; (P) 1.6292; (R1) 1.6345; More… Intraday bias in EUR/AUD remains on he downside for the moment. Current fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Deeper decline should be seen to expected to 1.6127 support, or further to 100% projection of 1.7062 to 1.6127 […]
30/11/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.51; (P) 187.02; (R1) 187.42; More… Intraday bias in GBP/JPY stays neutral for consolidation below 188.63. While deeper retreat cannot be ruled out, near term outlook will stay bullish as long as 184.44 support holds. On the upside, break of 188.63 will resume larger up trend. In the bigger picture, as long […]
03/08/2024

EUR/CHF Weekly Outlook

EUR/CHF’s decline form 0.9928 resumed last week and accelerated to as low as 0.9352. Initial bias remains on the downside this week for 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320.Strong support could emerge above 0.9252 low to bring rebound. But near term outlook will now stay bearish as long as 0.9519 support […]